The MHP Show

How Can Cost Segregation and Bonus Depreciation Maximize Your Real Estate Investments?

In this episode of the MHP Show podcast, host Derek Vickers welcomes Eden Markowitz from Madison SPECS to discuss cost segregation studies and bonus depreciation in real estate investing, particularly within the mobile home park industry. Eden explains the basics of cost segregation, emphasizing accelerated depreciation for tax benefits. They delve into bonus depreciation, its impact on tax deductions, and the importance of having a knowledgeable CPA for effective tax planning. The conversation also covers property tax reassessment, goodwill allocation, and the best asset classes for cost segregation. Eden highlights the significant tax savings potential for mobile home park investors.
Important Links and Mentions:
https://www.linkedin.com/in/eden-markowitz-11869982/
 
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Insurance Woes and Wows: Navigating the Mobile Home Park Business | Episode 62 | Kurt Kelly

In this episode of the MHP Show podcast, host Derek Vickers interviews Kurt Kelly, president of Mobile Insurance, about insurance in the mobile home park business.
Kurt is a commercial insurance agent specializing in Manufactured Home Communities and Retailers.  They insure in most states with multiple carrier options.  His background is in both Law and Insurance.  He is married with two children.
They discuss the importance of comprehensive insurance coverage, strategies to lower insurance rates, and the impact of inflation and increased property costs. Kurt emphasizes proactive risk management, the significance of business interruption insurance, and the necessity of adequate coverage for above-ground utility infrastructure. He also highlights the challenges of insuring properties in high-risk flood zones and the importance of maintaining a good reputation to secure better insurance rates.
Important Links and Mentions:https://www.facebook.com/MobileInsuranceAgencyTX/
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Breaking the Mold: Unconventional Wisdom in Mobile Home Park Investing | Episode 61 | Adrian Smude

In this episode of the MHP Show podcast, host Derek Vickers and guest Adrian Smude from LifestyleREI.com discuss mobile home park investing.
Adrian Smude got his start in real estate in 2002 when he was evicted which led him to become a landlord. After 11 years of being a hobby landlord, he discovered his passion for real estate investing by attending a real estate investor meeting. He tapped into the untapped gold-mine of mobile homes and has been following that path ever since. He is a member of three mastermind groups, including a high-level mastermind which he hosts. He is the author of the bestselling book How to Buy Mobile Homes and he travels the country teaching and sharing his secrets for success.
Topics discussed:Mobile home park investingUnderwriting secrets in mobile home park investingReal estate investing experiencesStigma associated with mobile homesChallenges and rewards of investing in mobile homesImportance of mentors in real estate investingMisconceptions and stereotypes surrounding mobile homesImpact of minimum wage on affordable housingShortage of affordable housingCurrent state of the housing market
Important Links and Mentions:
 https://www.facebook.com/adrian.smudehttps://twitter.com/LifestyleREIhttps://www.instagram.com/lifestyle_rei/https://www.linkedin.com/in/adriansmude/Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
JOIN OUR UPCOMING FREE WEBINAR: Mobile Home Park Underwriting: Secrets RevealedRegister here for free! https://derekvickers.com/underwritingwebinar
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Follow Derek on his Social Media:@derekvickers885Join our Facebook Group: Mobile Home Park Investing Pros
Got questions about MHP? Email me at derek@derekvickers.com

Navigating the Complexities of Mobile Home Park Investments in Florida | Episode 60 | Hansel Rodriguez

In this episode of the MHP Show podcast, Derek Vickers welcomes Hansel Rodriguez to discuss their experiences in the mobile home park and manufactured housing business. 
Hansel currently sits as Principal of investment strategy and acquisitions at COARE Communities, LLC., a real-estate investment company focused on acquiring manufactured housing communities across the U.S.
Prior to COARE, Hansel worked as an Associate at Eastdil Secured, the premier real-estate investment banking and investment sales firm headquartered in New York. At Eastdil, Hansel supported the acquisition and disposition of complex NNN office and nuanced sale-leaseback portfolio transactions ranging from $100 Million - $1.0 Billion of size. Prior to Eastdil, Hansel spent 3 years in corporate advisory supporting large public takeovers of Building Products & Homebuilding companies at Wells Fargo Securities. During his tenure, Hansel supported the advisory efforts of numerous transactions including Stanley Black & Decker's $1.9 Billion takeover of Newell Tools. 
Prior to Wells Fargo, Hansel began his real-estate career in multi-family and affordable housing development at Taft Development Group, a multi-family developer with 4,500+ MF units and 100,000 sq. ft. of commercial developments to date. Prior to Taft, Hansel worked in leasing and property management at Education Realty Trust (“EDR”), the pioneer of student housing which was subsequently acquired by Greystar in 2018 for $4.6 Billion.Topics discussed:Derek Vickers and Hansel Rodriguez discuss their experiences in the mobile home park and manufactured housing businessThey talk about their backgrounds and strategies for buying and managing propertiesThey share insights into the challenges and opportunities they have encountered in different marketsThey discuss the importance of understanding market trends and being forward-thinkingThey delve into potential future trends in the mobile home park industry, focusing on price per pad and the impact of factors such as rents, home prices, and insurance risks in FloridaThey emphasize the importance of proactive measures such as property maintenance to mitigate potential risksThe conversation touches on the complexities of insurance risks in Florida, including the impact of climate change, hurricanes, and floodingThey discuss the challenges of obtaining insurance during a record year of insurance incidents and the subsequent increase in premiumsThey share insights into the age and resilience of mobile homes in Florida and the impact of population migration on property valuesHansel talks about raising capital and the challenges and responsibilities of raising money for investments
Important Links and Mentions:https://www.linkedin.com/in/hanselrod
https://www.coarecommunities.com/about
 
 
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From Single-Family Homes to Mobile Home Parks | Episode 59 | Walter Johnson

In this episode of the MHP Show podcast, our guest, Walter Johnson of Sonos Capital, delves into the niche of mobile home park investing. Johnson recounts his real estate background, from the mortgage industry to investing in single-family homes and apartment buildings, before transitioning to mobile home parks. He shares a missed opportunity that spurred his interest in this sector and discusses the benefits of using a fund model for raising capital. They explore investment criteria, market analysis, and the potential for value-add opportunities in secondary markets. The episode wraps up with personal anecdotes on the importance of hard work, perseverance, and maintaining physical fitness for success in real estate investing.
Tune in to learn more about…
From Mortgages to Mobile Homes: Walter Johnson's Real Estate JourneyThe Shift to Mobile Home ParksEmbracing the Fund Model for Capital RaisingStrategies for Raising CapitalInvestment Criteria and StrategiesThe Complexities of Mobile Home Park InvestmentsFinancing, Rental Structures, and Diversification
Important Links and Mentions:https://sonoscapital.com/https://www.linkedin.com/in/walterjohnson2/
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Follow Derek on his Social Media:@derekvickers885Join our Facebook Group: Mobile Home Park Investing Pros
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How Has Poker Shaped Pasha Esfandiary's Real Estate Success? | Episode 58 | Pasha Esfandiary

In this podcast episode, host of the MHP Show interviews Pasha Esfandiary, a former professional poker player turned real estate investor, focusing on mobile home parks. They discuss how Pasha's poker skills, like adaptability and strategic thinking, have contributed to his success in real estate. Pasha highlights the importance of market selection, operational challenges, and the demand for affordable housing. He also delves into personal development, the impact of parenting on children's resilience, and the realities of entrepreneurship. Pasha shares his approach to life and business, emphasizing delegation, risk-taking, and the balance between work and family. The episode concludes with advice for aspiring investors in the mobile home park industry.
Tune in to learn more about…
The Poker Mindset: A Real Estate Investor's Secret Weapon
Navigating the Mobile Home Park Industry
The Long Game: Diligence and Conservative Strategies
Personal Development: The Foundation of Success
Raising the Next Generation: Instilling Resilience and Work Ethic
Balancing Business and Family: The Entrepreneurial Lifestyle
 
Important Links and Mentions:
 
Pasha on LinkedIn: https://www.linkedin.com/in/pashaesfandiary/
 
Website:https://evocapital.net/
 
Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
 
Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator
 
Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros
Got questions about MHP? Email me at derek@derekvickers.com
 

How Can Mobile Home Parks Transform Communities? | Episode 57 | Frank Rizzo

In this episode of the MHP Show podcast, host Derek Vickers and guest Frank Rizzo of Stone Capital Investors delve into the intricacies of investing in mobile home parks. They discuss the challenges and rewards of transforming distressed properties into affordable housing communities, emphasizing the importance of community engagement and maintaining high standards. They explore the operational strategies for managing parks remotely, the impact of road improvements, and the increasing interest in mobile home parks as an asset class due to housing affordability issues. The episode also touches on industry consolidation and the significance of local teams in managing properties effectively. Frank invites listeners to learn more through their educational platform.
Tune in to learn more about…
From Accidental Beginnings to Community Impact
Building Bridges with Municipalities
Zoning Challenges and Cultural Shifts
The Joy of Paving Roads and the Rise of Mobile Home Parks
Emotional Attachment and Industry Consolidation
Managing Mobile Home Parks from a Distance
Important Links and Mentions:
 
Ty Thompson on LinkedIn: https://www.instagram.com/frank.rizz/
Website: https://www.stonecapinv.com/
Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
 
Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator
 
Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros
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How Can Automation and Technology Revolutionize Mobile Home Park Operations? | Episode 56 | Ty Thompson

In this episode of the MHP Show podcast, host Derek Vickers talks with Ty Thompson, an army veteran and PGA golf professional, about his foray into mobile home park investing. Ty discusses the benefits of passive income and equity building in this niche real estate market. He shares insights on due diligence, the importance of mentorship, and strategies for automation and technology integration to streamline operations. The episode covers the inclusion of high-speed internet and HD channels in lot rent, the use of pet screening software, and the necessity of strict rent collection processes. The discussion also touches on unexpected challenges, such as storm damage and on-site incidents, emphasizing the need for preparedness in park management.
 
Tune in to learn more about…
From Tees to Tenants: Ty Thompson's Diverse Background
The Allure of Mobile Home Park Investing
Due Diligence and Mentorship: The Pillars of Success
Embracing Automation and Technology
Lessons Learned and Unforeseen Challenges
Important Links and Mentions:
 
Ty Thompson on LinkedIn: https://www.linkedin.com/in/ty-thompson-pga-a7320532/Website: https://tythompsonpga.com/
 
Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
 
Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator
 
Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros
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How Can You Invest in Mobile Home Parks While Working a Corporate Job? | Episode 55 | Shawn Dwyer

In this episode of the MHP Show podcast, host Derek Vickers and guest Shawn Dwyer delve into the intricacies of mobile home park investing. Shawn, balancing a corporate career with real estate, shares his journey into investing after the stock market crash and COVID-19. They discuss the importance of time management for investors with 9 to 5 jobs and address current market conditions, including interest rates and property value growth. The duo also explores Shawn's partnership with Julio Jaramillo, their commitment to adding value for residents, and the benefits of long-term investments. They debunk the myth that large capital is needed to start investing, highlighting a $50,000 minimum for LP investors in their syndication deals. Communication with investors and retirement planning, particularly the impact of 401(k) fees, are also key topics. Shawn offers a retirement calculator and invites listeners to engage further on these subjects.Tune in to learn more about…🏡 Investing While Juggling a 9 to 5 📈 Market Insights and Future Potential
🌳 Adding Value and Building Communities 
📊 Retirement Planning and the Fee Impact 
 
Important Links and Mentions:
 
Shawn Dwyer on LinkedIn:https://www.linkedin.com/in/shawn-dwyer-go/Website: https://www.goldenoakrei.com/
 
Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
 
Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator
 
Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros
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Navigating the Complexities of Mobile Home Park Investing| Episode 54 | Brad Rymer

In this episode of the MHP Show podcast, host Derek Vickers talks with Brad Rymer, Fund Co-Manager, and Chief Financial Officer / Chief Investment Officer (CFO/CIO) brings prior experience within the same roles for a top 25% Inc. 5000 company and top 5 largest MHC portfolios in the US. Brad currently is the Founder and President of Cloverleaf Capital Group; an MHC focused acquisition and financing consultancy. In his former CFO role, Mr. Rymer helped direct asset operations’ financial and accounting activity, capitalized by 16 private funds embodying over 1,500 investors. Alongside the CFO role, he served as the company’s Business Intelligence Officer in 2018 throughout the transitional capitalization with a Top 20 PEI 300, International Private-Equity firm. Over the past 25 years, Mr. Rymer has successfully been a driver in a myriad of investment funding structures spanning all commercial real estate classes ranging from acquisitions, refinancings, developments, joint venture partnerships, and other strategic capital structures.
Tune in to learn more about…
The challenges of current market conditions
The significance of infrastructure
The impact of flood zones and property taxes on investments
Important Links and Mentions:
 
Brad Rymer on LinkedIn: https://www.linkedin.com/in/bradprymer/Brad Rymer Contact Number: 303-525-4850Haven Capital Ventures Website: https://www.havencapitalventures.com/
 
Get Access to my Free Webinar here: https://derekvickers.com/home-page826333
 
Get Your Deal Calculator For FREE! Use the code MHPSHOW upon checking out: https://derekvickers.com/deal-calculator
 
Follow Derek on his Social Media:@derekvickers885
Join our Facebook Group: Mobile Home Park Investing Pros
 
Got questions about MHP? Email me at derek@derekvickers.com